"The company has successfully bid for 18,300 tonnes per annum of coal from Southern Eastern Coalfields Ltd in recently held auction of coal linkages for the cement industry," the company informed BSE yesterday.

In the past one month, the stock price of little-known Andhra Cements ran up close to 70 percent, even beating its larger peers by a margin. The rally could most likely have been sparked by market buzz that the Jaypee Group-promoted cement player has been put on the block.